Founders Institute, an American idea-stage accelerator and startup launch program, has officially launched a chapter in Morocco after a test launch some time this year saw over 290 entrepreneurs applying.
Based in Silicon Valley, the Founders Institute has been described as a very challenging and effective step-by-step startup launch program for talented and motivated aspiring entrepreneurs.
The program is challenging because to gain admission, these entrepreneurs are required to take a test that predicts the likelihood they can become a successful tech entrepreneur, irregardless of their idea, locale, or demographic.
Entrepreneurs that pass this test, and meet other requirements, are accepted into the program and are provided with all the help – expert mentors, global network of entrepreneurs, et al – they need to start a lasting company.
To be part of the four months program, entrepreneurs, who are most of the time gainful employed, don’t necessarily need to have a business idea, however they must form a business before graduation.
An amazing aspect of the program is the Shared Liquidity Pool, which essentially sees every entrepreneur in a program cohort get rewarded if one graduate company succeeds.
The Moroccan chapter will run same way other chapters run, using the same curriculum to help entrepreneurs build businesses that’ll create impact and outlive them.
Amine Rachdi (General Manager, Realtime Type Approvals), Chafik Sabiry (Président, ARCSY), and Naoufal Chama(CEO, Digimind Morocco) will be in charge of the chapter.
Entrepreneurs interested in launching a technology company can apply for the program by October 23, 2016.
In celebration of the launch, the Morocco Founder Institute will host a series of free startup events for the general public. Check HERE for full details!
Founded by Elon Musk’s Uni of Pennsylvania housemate, Adeo Ressi, the Founder Institute’s mission is to “Globalize Silicon Valley” and build sustainable startup ecosystems that will create one million new jobs.